September 8, 2008
Magellan Expands Funding Base for Growing Business
The Magellan Group is pleased to announce that ACG Investment Capital Partners, a joint venture between the Aviation Capital Group and FB Transportation Capital LLC, has made an investment in the Magellan Group. The additional capital combined with the relationship with two premier firms in the aviation industry will enable Magellan to continue the strong growth achieved since its inception in 2002.
With operational offices in Charlotte, North Carolina, and Shannon, Ireland, the Magellan Group is a leading aftermarket supplier of aircraft products and services, and a specialist engine leasing and trading company.
FB Transportation Capital, a subsidiary of Fortis Bank, is a principal finance provider active in the aviation and intermodal industries.